Sight Science Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC311950 (Scotland)

Financial Statements for the Year Ended 31 December 2019

for

Sight Science Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A C Liddell

D M Cantor

SECRETARY:

A C Liddell

REGISTERED OFFICE:

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

REGISTERED NUMBER:

SC311950 (Scotland)

ACCOUNTANTS:

J M Taylor

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

FIXED ASSETS

Tangible assets

4

124

375

CURRENT ASSETS

Debtors

5

2,241

2,430

Cash at bank

2,730

1,224

4,971

3,654

CREDITORS

Amounts falling due within one year

6

4,071

4,265

NET CURRENT ASSETS/(LIABILITIES)

900

(611

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,024

(236

)

CREDITORS

Amounts falling due after more than one year

7

(88,933

)

(91,443

)

ACCRUALS AND DEFERRED INCOME

(1,393

)

(1,653

)

NET LIABILITIES

(89,302

)

(93,332

)

CAPITAL AND RESERVES

Called up share capital

166

166

Share premium

63,317

63,317

Retained earnings

(152,785

)

(156,815

)

SHAREHOLDERS' FUNDS

(89,302

)

(93,332

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2020 and were signed on its behalf by:

A C Liddell - Director

1.	STATUTORY INFORMATION

Sight Science Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

and 31 December 2019

13,897

DEPRECIATION

At 1 January 2019

13,522

Charge for year

251

At 31 December 2019

13,773

NET BOOK VALUE

At 31 December 2019

124

At 31 December 2018

375

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

-

200

Other debtors

2,241

2,230

2,241

2,430

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Other creditors

4,071

4,265

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.19

31.12.18

£

£

Other creditors

88,933

91,443

Other creditors £88,933 (2018 - £91,443) represents the capital introduced by the shareholder Vycor Medical Inc.